{"id":689249,"date":"2022-09-27T09:20:19","date_gmt":"2022-09-27T13:20:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/"},"modified":"2022-09-27T09:20:19","modified_gmt":"2022-09-27T13:20:19","slug":"citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/","title":{"rendered":"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program<\/b><\/p>\n<p class=\"bwalignc\"><b>Continued Participation in China-Swiss Stock Connect GDR Programs<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCiti\u2019s Issuer Services business, acting through Citibank, N.A., has been appointed by Joincare Pharmaceutical Group Industry Co., Ltd. (\u201cJoincare\u201d) \u2013 an innovative and scientific research-oriented pharmaceutical group engaged in the research and development, production and distribution of pharmaceuticals and healthcare products \u2013 to act as Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) program.\n<\/p>\n<p>\nJoincare\u2019s GDR program was established in connection with a US$92,035,650 initial public offering of its GDRs, priced at US$14.42 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol \u201cJCARE\u201d. Each GDR represents ten (10) A shares. Joincare\u2019s A shares are listed and traded on the Shanghai Stock Exchange (\u201cSSE\u201d) under the stock code 600380.\n<\/p>\n<p>\nMr. Zhu Baoguo, Chairman of the Company, commented:\n<\/p>\n<p>\n\u201cWe are delighted with our successful GDR Offering, and we would like to extend our gratitude to our investors for their full confidence in and recognition of the company. This is an important milestone of Joincare\u2019s internationalization. We firmly believe that our strong R&amp;D capabilities, diversified product matrix and leading commercialization capabilities will promote the company\u2019s continuous development in the future. We further expect that the offering of GDRs will also further enhance our global image, expand our financing channels and accelerate our internationalization. We look forward to unveiling a new chapter of Joincare with our investors.\u201d\n<\/p>\n<p>\n\u201cWe are pleased to be the Depositary Bank for Joincare\u2019s GDR Programs listed on the SIX Swiss Exchange &#8212; the sixth issuer listed as part of the China-Swiss Stock Connect GDR Program. This continues our role as the depositary bank for all the Connect GDR programs listed so far, including five listed on the London Stock Exchange and four listed on the SIX Swiss Exchange,\u201d said Dirk Jones, Global Head of Citi\u2019s Issuer Services.\n<\/p>\n<p>\n\u201cCiti\u2019s cross-regional capabilities, global network, the ability to enhance investor access, and our experience gained from the previous Connect GDR programs will serve these issuers well. We expect to see more issuers raise capital and participate through the Connect Scheme in the future,\u201d he added.\n<\/p>\n<p>\nCiti is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.\n<\/p>\n<p>\nFor more information about Citi\u2019s Depositary Receipt Services, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.citi.com%2Fdr&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=www.citi.com%2Fdr&amp;index=1&amp;md5=49f15c4f87186b8eed34e3446b702b03\">www.citi.com\/dr<\/a>.\n<\/p>\n<p><b>About Citi<\/b><\/p>\n<p>\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.\n<\/p>\n<p>\nAdditional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.citigroup.com&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=www.citigroup.com&amp;index=2&amp;md5=f8fbadde825c4a6842c2560c8e533e92\">www.citigroup.com<\/a> | Twitter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.twitter.com%2Fciti&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=%40Citi&amp;index=3&amp;md5=6ca5efba83eb179fa42544e8f3f2f6d8\">@Citi<\/a> | YouTube: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fciti&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=www.youtube.com%2Fciti&amp;index=4&amp;md5=f8dffd3febb37e948b25cb5190cda095\">www.youtube.com\/citi<\/a> | Blog: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fblog.citigroup.com&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=http%3A%2F%2Fblog.citigroup.com&amp;index=5&amp;md5=c7740a8158578e279d752bee94eb29c1\">http:\/\/blog.citigroup.com<\/a> | Facebook: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Fciti&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=www.facebook.com%2Fciti&amp;index=6&amp;md5=ca669155ccc25b7d13bd41c8854165bd\">www.facebook.com\/citi<\/a> | LinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fciti&amp;esheet=52927692&amp;newsitemid=20220927005726&amp;lan=en-US&amp;anchor=www.linkedin.com%2Fcompany%2Fciti&amp;index=7&amp;md5=ece2020901a9abb03c5975ffaca9e266\">www.linkedin.com\/company\/citi<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220927005726r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220927005726\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220927005726\/en\/<\/a><\/span><\/p>\n<p>\nNina Das<br \/>\n<br \/>Citi Institutional Clients Group<br \/>\n<br \/>+1 (212) 816-9267<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Nina.Das@citi.com\">Nina.Das@citi.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Accounting Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220927005726\/en\/311741\/3\/00000CitiLogoBlue210_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program Continued Participation in China-Swiss Stock Connect GDR Programs NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citi\u2019s Issuer Services business, acting through Citibank, N.A., has been appointed by Joincare Pharmaceutical Group Industry Co., Ltd. (\u201cJoincare\u201d) \u2013 an innovative and scientific research-oriented pharmaceutical group engaged in the research and development, production and distribution of pharmaceuticals and healthcare products \u2013 to act as Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) program. Joincare\u2019s GDR program was established in connection with a US$92,035,650 initial public offering of its GDRs, priced at US$14.42 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol \u201cJCARE\u201d. Each GDR represents ten (10) A shares. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-689249","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program Continued Participation in China-Swiss Stock Connect GDR Programs NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citi\u2019s Issuer Services business, acting through Citibank, N.A., has been appointed by Joincare Pharmaceutical Group Industry Co., Ltd. (\u201cJoincare\u201d) \u2013 an innovative and scientific research-oriented pharmaceutical group engaged in the research and development, production and distribution of pharmaceuticals and healthcare products \u2013 to act as Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) program. Joincare\u2019s GDR program was established in connection with a US$92,035,650 initial public offering of its GDRs, priced at US$14.42 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol \u201cJCARE\u201d. 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(\u201cJoincare\u201d) \u2013 an innovative and scientific research-oriented pharmaceutical group engaged in the research and development, production and distribution of pharmaceuticals and healthcare products \u2013 to act as Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) program. Joincare\u2019s GDR program was established in connection with a US$92,035,650 initial public offering of its GDRs, priced at US$14.42 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol \u201cJCARE\u201d. Each GDR represents ten (10) A shares. &hellip; Continue reading \"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-27T13:20:19+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220927005726r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program","datePublished":"2022-09-27T13:20:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/"},"wordCount":567,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220927005726r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-joincare-pharmaceutical-group-industry-co-ltd-s-gdr-program\/","name":"Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.\u2019s GDR Program - 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